Update on the Financing of PRGF and HIPC Operations and Subsidization of Post-Conflict Emergency Assistance
August 21, 2002

Report by the Acting Managing Director on Financing the Fund's Participation in the HIPC Initiative and the Continuation of the Poverty Reduction and Growth Facility
April 14, 2000

Progress in Strengthening the Architecture of the International Financial System
March 30, 2000




Update on the Financing of PRGF and HIPC Operations and the Subsidization of Post-Conflict Emergency Assistance

Prepared by the Treasurer's Department
(In consultation with the Legal, Policy Development and Review, and Area Departments)

Approved by Eduard Brau

March 20, 2003

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Contents

Executive Summary

  1. Overview

  2. Loan Resources and Reserve Account Coverage

  3. PRGF Subsidies and HIPC Initiative Grants

  4. Self-Sustained PRGF

  5. Potential Additional Demand For Concessional Resources

  6. Subsidization of Post-Conflict Emergency Assistance

  7. Proposed Decision (on the Adequacy of Reserve Account Balances)